The California teachers pension fund's lawsuit, filed in the Court of Chancery in Delaware, alleges that two Wal-Mart executives engaged in opportunistic stock trades between the time the newspaper originally inquired about the story in December 2011 and when publication occurred last month.
Last week, it filed suit in Delaware Chancery Court to block Diller from carrying out the breakup of the company.
The Earl said the proceedings in the Chancery Court were about removing John Moore, a barrister's clerk, as a trustee of the 4, 500 acre estate.
Mr. Kalisman and OTK reacted to the Yucaipa deal by immediately filing a derivative lawsuit pending in Delaware Chancery Court that seeks to block the deal.
Now a detailed study of lawsuits in Delaware Chancery Court suggests the judge was onto something--at least when it comes to the lucrative practice of suing over the terms of mergers and acquisitions.
So why on earth did Son make such a lowball offer as to infuriate Jamal Daniel into suing in Delaware Chancery Court, filing against the merger with the FCC, initiating a proxy fight and so on?
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In May 1996 they went to Chancery Court in Delaware to have it out.
It filed in the Delaware Chancery Court to block the merger at an expedited trial.
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It is proceeding with its case against Clearwire, its management, Sprint and others in the Delaware Chancery Court.
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That task will fall to the Court of Chancery in Delaware, the state where most big American firms are incorporated, and in particular to Leo Strine, one of the court's four vice-chancellors.
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Fortunately the legality of poison pill plans was finally called into question in a case that sat before the most important business court in the world, the Delaware Chancery Court.
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Hollinger International's poison pill, if Delaware's chancery court declares it legal in the next few weeks, would spoil his deal by diluting the Barclay brothers' voting control down from 73% to 20%, meaning that they would not be able to stop the board of Hollinger International selling off the firm's assets, which include Britain's Daily Telegraph.
In this AIG case, the original June 17, 2009 opinion of the Delaware Court of Chancery affirmed a Motion to Dismiss against PwC based on a prior ruling in February of 2009.
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In fact, minutes after the ruling by the Delaware Chancery Court, Air Products and Chemicals withdrew its bid for Airgas.
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In a petition filed yesterday, JCI asked the Delaware Court of Chancery yesterday to dissolve the automotive Li-ion battery joint venture, Johnson Controls-Saft Advanced Power Solutions LLC (JCS), which was formed in 2006 to develop and manufacture lithium-ion automotive battery solutions.
Increasingly, the five judges of Delaware's Court of Chancery, which traces its roots back to medieval England, have been putting their faith in the sophistication of institutional investors, the importance of independent directors and the shareholder vote.
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